November 18 (SeeNews) - Romania sold on Thursday 544.4 million lei ($125 million/44 million euro) worth of Treasury bonds maturing on July 25 2029, above initial target, central bank data showed.
Total bids placed totaled 584.4 million lei, while the yield was 5.26%, the data indicated.
The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
November 18 |
Amount offered (mln lei) |
400.0 |
Amount sold (mln lei) |
544.4 |
Total bids placed (mln lei) |
584.4 |
Bid-to-cover ratio |
1.1 |
Yield (%) |
5.26 |
Romania's finance ministry intends to sell 5 billion lei worth of government securities in November, including 600 million lei in non-competitive offers.
Year-to date, the finance ministry has sold government bills and bonds worth 47.8 billion lei and 1.65 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.
(1 euro=4.9488 lei)